Vermilion Energy Inc. (VET) Rating Lowered to Hold at Zacks Investment Research
Vermilion Energy Inc. (NYSE:VET) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
According to Zacks, “Vermilion Energy Inc. is an international oil and gas producer with properties in Western Canada, Australia, France and the Netherlands. Vermilion Energy Inc, formerly known as Vermilion Energy Trust, is based in Calgary, Canada. “
Several other equities research analysts have also recently commented on VET. Barclays PLC reiterated an “overweight” rating and issued a $45.00 price target on shares of Vermilion Energy in a research report on Thursday, June 30th. RBC Capital Markets reiterated a “sector perform” rating and issued a $47.00 price target (up from $43.00) on shares of Vermilion Energy in a research report on Thursday, August 11th. TD Securities reiterated a “buy” rating and issued a $54.00 price target (up from $53.00) on shares of Vermilion Energy in a research report on Thursday, August 11th. CIBC reiterated an “outperform” rating and issued a $50.00 price target on shares of Vermilion Energy in a research report on Wednesday, June 15th. Finally, Desjardins reiterated a “buy” rating and issued a $52.00 price target (up from $47.50) on shares of Vermilion Energy in a research report on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $50.23.
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Vermilion Energy (NYSE:VET) traded down 0.3555% during midday trading on Tuesday, hitting $40.2763. 102,521 shares of the company traded hands. The stock has a 50 day moving average price of $37.23 and a 200-day moving average price of $33.69. The company’s market cap is $4.70 billion. Vermilion Energy has a 12-month low of $20.31 and a 12-month high of $40.54.
Vermilion Energy (NYSE:VET) last issued its quarterly earnings data on Thursday, August 11th. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by $0.16. Vermilion Energy had a negative net margin of 42.00% and a negative return on equity of 8.50%. The company had revenue of $212.86 million for the quarter, compared to the consensus estimate of $151.30 million. Analysts expect that Vermilion Energy will post ($0.76) EPS for the current year.
The firm also recently announced a monthly dividend, which will be paid on Monday, October 17th. Shareholders of record on Thursday, September 22nd will be paid a dividend of $0.165 per share. The ex-dividend date is Tuesday, September 20th. This represents a $1.98 annualized dividend and a yield of 4.90%. Vermilion Energy’s dividend payout ratio (DPR) is presently -80.41%.
Institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its position in Vermilion Energy by 0.5% in the second quarter. Royal Bank of Canada now owns 7,243,206 shares of the company’s stock valued at $230,479,000 after buying an additional 32,961 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Vermilion Energy during the second quarter valued at $100,979,000. Vanguard Group Inc. boosted its position in Vermilion Energy by 11.4% in the second quarter. Vanguard Group Inc. now owns 2,118,811 shares of the company’s stock valued at $67,420,000 after buying an additional 217,496 shares during the period. Guardian Capital LP boosted its position in Vermilion Energy by 11.1% in the second quarter. Guardian Capital LP now owns 1,703,039 shares of the company’s stock valued at $53,857,000 after buying an additional 170,678 shares during the period. Finally, Cidel Asset Management Inc. boosted its position in Vermilion Energy by 112.5% in the second quarter. Cidel Asset Management Inc. now owns 1,320,890 shares of the company’s stock valued at $41,772,000 after buying an additional 699,388 shares during the period. 44.67% of the stock is currently owned by institutional investors.
About Vermilion Energy
Vermilion Energy Inc (Vermilion) is a Canada-based international oil and gas producer. The Company is focused on the acquisition, development and optimization of producing properties in North America, Europe and Australia. The Company’s segments are Canada, which relates to its assets in Alberta and Saskatchewan; France, which relates to its operations in France in the Paris and Aquitaine basins; Netherlands, which relates to its operations in the Netherlands; Germany, which relates to its operations in Germany; Ireland, which relates to its non-operated interest in the Corrib offshore natural gas field; Australia, which relates to operations on the Wandoo offshore crude oil field; the United States, which relates to its operations in Wyoming in the Powder River Basin, and Corporate.
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